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Mastering Labor Challenges Can Drive Growth for CPA Firms

CPA Practice

Let’s face it, the accounting profession has developed a bad reputation – toiling through long hours chained to a desk, crunching numbers, deciphering archaic tax codes and grinding out tedious tasks, all for lower starting pay and heavy licensing requirements. Compounding the problem is the increased demand for accountants.

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RSM Appoints Ernest Nedder, CPA, as CEO

CPA Practice

As a Certified Public Accountant with an extensive background in professional services, Nedder has been a client advisor for 26 years. as RSM’s new CEO and, based on his leadership experience to date, believe he is perfectly positioned to lead RSM globally from the strength of today to a new high in 2030 and beyond.”

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One Cloud Platform, Endless Possibilities For Accountants

CPA Practice

This is mainly due to the synergy between security and emerging technologies, which have laid the groundwork for unparalleled possibilities that many accountants may still not be aware of. The number of connected IoT devices is expected to surpass 30 billion by 2030 , according to estimates by Statista.

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Carbon Accounting Frequently Asked Questions (FAQs)

Cherry Bekaert

Authors: Gabriela Payne, CPA On September 14, 2023, California’s Legislature approved a landmark Senate Bill 253/Climate Corporate Data Accountability Act, which is expected to have global impacts on corporate climate accountability. Below we share what we believe to be their best answers: What Is Carbon Accounting?

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New Tech for Accounting Firms Get Spotlight at 2024 Conferences

CPA Practice

As of this writing, I’m particularly anticipating the CPA Practice Advisor Mashup event at AICPA Engage, where I’ll present a version of Tech Update, which is the motivation for this column. By my count, there are 30+ new tools for the accounting profession alone. Automation and AI are different, as noted in the table below.

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ChatGPT Can Pass the CPA Exam But Here’s What It Can’t Do (Yet)

Going Concern

and we’ve been hearing for at least as long as this website has been alive that AI will all but eliminate accountants. No doubt, as time goes on, AI will get better and more positions may be replaced by AI but do you, the accountant, have to worry about your job? That’s perfectly natural, especially in high-strung accountants.

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Monday Morning Accounting News Brief: Every Day Is Fools’ Day For Some Accounting Employers; McKinsey Now Paying People to Leave | 4.1.24

Going Concern

Business Insider wrote about the accountant shortage, specifically Tupperware griping in regulatory filings that it can’t find enough people (again): The accountant shortage is so bad that companies are delaying filing key mandatory reports. A lot of this work that we’re doing is, I’d call it forensic accounting,” Cipriano said.

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